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SmartCentres Real Estate Investment Trust (SRU-UN.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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30.75+0.12 (+0.39%)
As of 1:22PM EDT. Market open.
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  • K
    Kosta
    RIP Peter Ford, CEO of smartcenters.. may you watch the company grow big from above and be proud of the work you have done. Thank you
  • s
    steven
    Does anybody else have other healthy dividend paying REIT? I like smart centres. Looking for more Canadian based reits with healthy dividends. Cheers
  • T
    Time2learn
    Anybody here ever consider RS.TO. It's a split stock managed by Middlefield Group started Nov. 2020. Current yield is ~7.97. Looks like they just increased it as well. RIO and SRU are included in the Top 10 holdings.

    Let us know your thoughts.
  • K
    Kenneth
    SRU has increased its dividends for 7 consecutive years with 2020 being the smallest (+0.02%) bringing the monthly dividend from $0.15417 to $0.1542

    The other times have all been around 2%... What i'm curious about is that SRU increases dividends October or November... which is coming up... Possible increase anyone?
  • K
    Kenneth
    SRU.UN is here for the Long Term,
    it has great businesses tenants (Walmart, Canadian Banks, Drug stores, etc..) and survived the pandemic with keeping its dividends intact. It's 100% better then its main comparison Ticker: RIO | RioCan
    (which lied to investors and had to cut its dividend by HALF),
    and other Canadian REITS (I'd argue GRT.UN is still better then SRU though).

    1 thing people need to understand is that this company/REIT won't make you tons of cash in a few months, it will slowly grow and expand from there, likely, raising its dividends with it. For now this is literally the definition of an "Income Stock". Enjoy the dividends but that's it till news or something develops.

    Why do I say this?

    SRU.UN is currently building Apartments, Senior living, and expanding aggressively into residential thanks to the extra space it has around its shopping centers (meaning they literally don't have to pay for the land as they already own it). This will help it easily skyrocket and continue to pay a growing dividend to investors as people are still moving to Ontario and other major Canadian cities. Once the construction is complete we should expect minor growth to dividends and the stock price.

    Position in SRU.UN:
    50 Shares - Avg. $28.80
  • H
    Humza
    Is it a good time to buy? This resistance at 30 is really tough
  • i
    inder
    ACFO payout ratio has declined to 84.5%
  • j
    joe
    HR and rei better
  • B
    Boomer
    Anyone know why SRU stopped reporting FFO payout ratio? Is it because it is it was like 115% this quarter?
  • j
    joe
    Rep and hr better
  • R
    Roger
    Questionable earnings
  • D
    Devon
    Wow really ? 2 percent just like that?
  • B
    Boomer
    Boom
  • D
    Danny
    This stock hasn’t fully recovered from pre pandemic levels. Still lots of room to grow. With a monthly dividend it’s a safe play.
  • j
    joe
    Riocan and HR better growth
  • A
    Anonymous
    Your comments about Walmart are stupid and from someone who knows zero about real estate
    1 Walmart brings in traffic
    2 Walmart pays rent on time
    3 The cost of finding tenants who close is expensive
    4 Walmart is bankable and rarely leave
    Therefore all you idiots who question Walmart as tenants sd not be in real estate stocks
  • N
    Nicolas
    Can anyone explain why is it dropping?
    (Not panicking, just wondering)
  • j
    joe
    Riocan and HR better
  • m
    mustafa
    Guys a lot of confusion around payout ratio... the way to see if dividend in a REIT is safe is different from typical stocks due to the nature of the vehicle... you need to look at FFO ratio which considers operating income and dividend ... currently the company pays 72 cents for every dollar in operating income as dividend and the remaining 28 cents is for growth ... so yes your dividends are safe and the company h e been increasing the dividends for last 6 years and did not cut the dividends during pandemic... also, it’s tenants are considered essential businesses . With new rollout of vaccine that’s a keeper!!!
  • D
    Drew
    That time when you bought for 8.4% dividend, and it grew 27.70% the first year AND paid monthly dividends.
    Love it!